London-founded Model ML has taken a strategic equity investment from HSBC Asset Management's flagship venture capital strategy, pushing its total raised beyond $100m two years after the company was founded. Terms were not disclosed.
Model ML, the London-founded artificial intelligence software company building an "agentic operating system" for financial services, has secured an investment from HSBC Asset Management. The deal adds a heavyweight strategic backer to a cap table that already reflects more than $100m raised since 2023.
The investment was made through HSBC Asset Management's flagship venture capital strategy, which sits within the firm's $81bn alternatives platform. Financial terms of the transaction were not disclosed, but it is a strategic rather than purely financial commitment: the buyer manages money for exactly the institutional clients Model ML is trying to sell into.
Founded in 2023 by two brothers, Model ML develops vertical AI software that automates complex, multi-step workflows across financial research, investment due diligence, financial modelling and client document generation. Its platform runs on a "model-agnostic" orchestration engine that routes each task to the most suitable underlying AI model while enforcing enterprise governance, data privacy and auditability.
The company has raised quickly. It emerged from stealth with $12m, announced a $75m Series A last year, and the HSBC Asset Management investment now takes cumulative funding above $100m. Model ML says it has already secured the accounting groups Deloitte and PwC as clients, evidence that its tooling is being adopted at the top of the professional-services market.
"We're delighted to welcome HSBC Asset Management as an investor. Their backing reflects growing confidence in vertical AI for financial services," said Chaz Englander, co-founder and chief executive of Model ML. He argued that the defensible layer in enterprise AI is shifting away from any single model: "Rather than a single model, the differentiator is increasingly the software that can orchestrate multiple models across complex financial workflows."
Patrick Sixsmith, head of venture capital at HSBC Asset Management, framed the cheque as a thematic bet. "AI and next-generation software are driving a new wave of innovation across the economy. This investment through our flagship VC strategy reflects our focus on backing companies operating at the forefront of these themes," he said.
The undisclosed terms leave the post-money valuation and HSBC Asset Management's stake unknown. What is clear is the shape of the wager: a global asset manager putting balance-sheet capital behind a two-year-old London company selling automation into the same institutions it serves. For Model ML, the validation may prove as valuable as the cash.
Original source: UKTN — https://www.uktech.news/fintech/hsbc-model-ml-investment-20260811
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